diff --git a/impl/maven-core/src/main/java/org/apache/maven/internal/transformation/impl/DefaultConsumerPomBuilder.java b/impl/maven-core/src/main/java/org/apache/maven/internal/transformation/impl/DefaultConsumerPomBuilder.java
index 2de90988a190..c9c13f89e22a 100644
--- a/impl/maven-core/src/main/java/org/apache/maven/internal/transformation/impl/DefaultConsumerPomBuilder.java
+++ b/impl/maven-core/src/main/java/org/apache/maven/internal/transformation/impl/DefaultConsumerPomBuilder.java
@@ -89,9 +89,12 @@ public Model build(RepositorySystemSession session, MavenProject project, ModelS
         if (!flattenEnabled) {
             // When flattening is disabled, treat non-POM projects like parent POMs
             // Apply only basic transformations without flattening dependency management
-            // However, BOMs still need special handling to transform packaging from "bom" to "pom"
+            // BOMs always need the effective (interpolated) model because transformBom()
+            // strips parent and properties — any ${...} references would become dangling.
+            // The flatten flag has no semantic effect on BOMs (transformBom always produces
+            // a self-contained POM), so we use the same buildBom() path regardless.
             if (isBom) {
-                return buildBomWithoutFlatten(session, project, src);
+                return buildBom(session, project, src);
             } else {
                 Model result = buildPom(session, project, src);
                 // Validate POM-packaged projects (parent POMs): if the consumer POM cannot be
@@ -136,15 +139,6 @@ protected Model buildPom(RepositorySystemSession session, MavenProject project,
         return transformPom(model, project);
     }
 
-    protected Model buildBomWithoutFlatten(RepositorySystemSession session, MavenProject project, ModelSource src)
-            throws ModelBuilderException {
-        ModelBuilderResult result = buildModel(session, project, src);
-        Model model = result.getRawModel();
-        // For BOMs without flattening, we just need to transform the packaging from "bom" to "pom"
-        // but keep everything else from the raw model (including unresolved versions)
-        return transformBom(model, project);
-    }
-
     protected Model buildBom(RepositorySystemSession session, MavenProject project, ModelSource src)
             throws ModelBuilderException {
         ModelBuilderResult result = buildModel(session, project, src);
diff --git a/its/core-it-suite/src/test/java/org/apache/maven/it/MavenITBomConsumerPomPropertyResolutionTest.java b/its/core-it-suite/src/test/java/org/apache/maven/it/MavenITBomConsumerPomPropertyResolutionTest.java
new file mode 100644
index 000000000000..359d54bee0e6
--- /dev/null
+++ b/its/core-it-suite/src/test/java/org/apache/maven/it/MavenITBomConsumerPomPropertyResolutionTest.java
@@ -0,0 +1,199 @@
+/*
+ * Licensed to the Apache Software Foundation (ASF) under one
+ * or more contributor license agreements.  See the NOTICE file
+ * distributed with this work for additional information
+ * regarding copyright ownership.  The ASF licenses this file
+ * to you under the Apache License, Version 2.0 (the
+ * "License"); you may not use this file except in compliance
+ * with the License.  You may obtain a copy of the License at
+ *
+ *   http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing,
+ * software distributed under the License is distributed on an
+ * "AS IS" BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY
+ * KIND, either express or implied.  See the License for the
+ * specific language governing permissions and limitations
+ * under the License.
+ */
+package org.apache.maven.it;
+
+import java.nio.file.Files;
+import java.nio.file.Path;
+import java.nio.file.Paths;
+import java.util.List;
+import java.util.stream.Stream;
+
+import org.junit.jupiter.api.Test;
+
+import static org.junit.jupiter.api.Assertions.assertEquals;
+import static org.junit.jupiter.api.Assertions.assertFalse;
+import static org.junit.jupiter.api.Assertions.assertTrue;
+
+/**
+ * Verifies that the BOM consumer POM resolves property-referenced dependency
+ * versions, especially when the property is defined in a parent POM.
+ * <p>
+ * Reproducer for the issue reported by Karl Heinz Marbaise during the
+ * Maven 4.0.0-rc-6 vote: when a BOM's {@code <dependencyManagement>} uses a
+ * property like {@code ${junit.version}} for an external dependency version,
+ * and that property is defined in the parent POM, the consumer POM leaves the
+ * property reference unresolved. This happens because
+ * {@code DefaultConsumerPomBuilder.buildBomWithoutFlatten()} uses
+ * {@code getRawModel()} (no interpolation) and then {@code transformBom()}
+ * strips the parent and properties — leaving dangling {@code ${...}} references.
+ *
+ * @see <a href="https://lists.apache.org/thread/2s2myrg0zzk0q5z9kjhm8pwsntxmtnxh">Vote thread</a>
+ * @since 4.0.0
+ */
+class MavenITBomConsumerPomPropertyResolutionTest extends AbstractMavenIntegrationTestCase {
+
+    MavenITBomConsumerPomPropertyResolutionTest() {
+        super("[4.0.0-rc-4,)");
+    }
+
+    /**
+     * Verify that the BOM consumer POM (default, no flatten) resolves
+     * property-referenced versions in dependencyManagement.
+     * <p>
+     * The parent POM defines {@code junit.version=4.13.2}. The BOM child
+     * references it as {@code ${junit.version}}. The consumer POM must
+     * contain the resolved literal {@code 4.13.2}, not the raw property
+     * expression, because the consumer POM has no parent or properties
+     * section to resolve it from.
+     */
+    @Test
+    void testBomConsumerPomResolvesParentProperties() throws Exception {
+        Path basedir =
+                extractResources("/bom-consumer-pom-property-resolution").getAbsoluteFile().toPath();
+
+        Verifier verifier = newVerifier(basedir.toString());
+        verifier.deleteArtifacts("org.apache.maven.its.bom-property");
+        verifier.addCliArguments("install");
+        verifier.execute();
+        verifier.verifyErrorFreeLog();
+
+        // Read the consumer POM that was installed to the local repo
+        Path consumerPomPath = Paths.get(
+                verifier.getArtifactPath("org.apache.maven.its.bom-property", "bom", "1.0.0-SNAPSHOT", "pom"));
+
+        assertTrue(Files.exists(consumerPomPath), "Consumer POM not found at " + consumerPomPath);
+
+        List<String> lines;
+        try (Stream<String> stream = Files.lines(consumerPomPath)) {
+            lines = stream.toList();
+        }
+        String content = String.join("\n", lines);
+
+        // 1. Packaging must be "pom" (not "bom")
+        assertTrue(
+                content.contains("<packaging>pom</packaging>"),
+                "Consumer POM packaging should be 'pom', not 'bom'");
+
+        // 2. The consumer POM strips parent and properties, so inherited
+        //    fields must be inlined: groupId and version must be present
+        assertTrue(
+                content.contains("<groupId>org.apache.maven.its.bom-property</groupId>"),
+                "Consumer POM must have groupId inlined (parent is stripped).\nActual:\n" + content);
+        assertTrue(
+                content.contains("<version>1.0.0-SNAPSHOT</version>"),
+                "Consumer POM must have version inlined (parent is stripped).\nActual:\n" + content);
+
+        // 3. The key assertion: no unresolved ${...} property references
+        //    anywhere in the consumer POM. The parent and properties sections
+        //    are removed, so any remaining ${...} would be unresolvable.
+        assertFalse(
+                content.contains("${"),
+                "Consumer POM must not contain unresolved property references.\nActual:\n" + content);
+
+        // 4. Specifically: junit version must be the resolved literal "4.13.2"
+        assertTrue(
+                content.contains("<version>4.13.2</version>"),
+                "Consumer POM must contain resolved junit version '4.13.2'.\nActual:\n" + content);
+    }
+
+    /**
+     * Verify that the BOM consumer POM with flatten=true also resolves
+     * property-referenced versions (this path uses getEffectiveModel()
+     * and should already work).
+     */
+    @Test
+    void testBomConsumerPomWithFlattenResolvesParentProperties() throws Exception {
+        Path basedir =
+                extractResources("/bom-consumer-pom-property-resolution").getAbsoluteFile().toPath();
+
+        Verifier verifier = newVerifier(basedir.toString());
+        verifier.deleteArtifacts("org.apache.maven.its.bom-property");
+        verifier.addCliArguments("install", "-Dmaven.consumer.pom.flatten=true");
+        verifier.execute();
+        verifier.verifyErrorFreeLog();
+
+        Path consumerPomPath = Paths.get(
+                verifier.getArtifactPath("org.apache.maven.its.bom-property", "bom", "1.0.0-SNAPSHOT", "pom"));
+
+        assertTrue(Files.exists(consumerPomPath), "Consumer POM not found at " + consumerPomPath);
+
+        List<String> lines;
+        try (Stream<String> stream = Files.lines(consumerPomPath)) {
+            lines = stream.toList();
+        }
+        String content = String.join("\n", lines);
+
+        // Packaging must be "pom"
+        assertTrue(content.contains("<packaging>pom</packaging>"), "Consumer POM packaging should be 'pom'");
+
+        // No unresolved property references
+        assertFalse(
+                content.contains("${"),
+                "Consumer POM must not contain unresolved property references.\nActual:\n" + content);
+
+        // junit version must be the resolved literal
+        assertTrue(
+                content.contains("<version>4.13.2</version>"),
+                "Consumer POM must contain resolved junit version '4.13.2'.\nActual:\n" + content);
+    }
+
+    /**
+     * Same test as {@link #testBomConsumerPomResolvesParentProperties} but verifies
+     * the consumer POM that gets written to the project-local repo (not user-home),
+     * using the "-consumer" classifier POM.
+     */
+    @Test
+    void testConsumerPomInProjectLocalRepo() throws Exception {
+        Path basedir =
+                extractResources("/bom-consumer-pom-property-resolution").getAbsoluteFile().toPath();
+
+        Verifier verifier = newVerifier(basedir.toString());
+        verifier.deleteArtifacts("org.apache.maven.its.bom-property");
+        verifier.addCliArguments("install");
+        verifier.execute();
+        verifier.verifyErrorFreeLog();
+
+        // Check the consumer POM in the project-local-repo
+        Path consumerPom = basedir.resolve(Path.of(
+                "target",
+                "project-local-repo",
+                "org.apache.maven.its.bom-property",
+                "bom",
+                "1.0.0-SNAPSHOT",
+                "bom-1.0.0-SNAPSHOT-consumer.pom"));
+
+        assertTrue(Files.exists(consumerPom), "Consumer POM not found at " + consumerPom);
+
+        String content = Files.readString(consumerPom);
+
+        // Must not contain raw property references
+        assertFalse(
+                content.contains("${"),
+                "Consumer POM must not contain unresolved property references.\nActual:\n" + content);
+
+        // Must contain the resolved version
+        assertTrue(
+                content.contains("<version>4.13.2</version>"),
+                "Consumer POM must contain resolved junit version '4.13.2'.\nActual:\n" + content);
+
+        // Must have packaging=pom
+        assertEquals(-1, content.indexOf("<packaging>bom</packaging>"), "Consumer POM must not have bom packaging");
+        assertTrue(content.contains("<packaging>pom</packaging>"), "Consumer POM must have pom packaging");
+    }
+}
diff --git a/its/core-it-suite/src/test/resources/bom-consumer-pom-property-resolution/bom/pom.xml b/its/core-it-suite/src/test/resources/bom-consumer-pom-property-resolution/bom/pom.xml
new file mode 100644
index 000000000000..e1fba27622be
--- /dev/null
+++ b/its/core-it-suite/src/test/resources/bom-consumer-pom-property-resolution/bom/pom.xml
@@ -0,0 +1,61 @@
+<?xml version="1.0" encoding="UTF-8"?>
+<!--
+Licensed to the Apache Software Foundation (ASF) under one
+or more contributor license agreements.  See the NOTICE file
+distributed with this work for additional information
+regarding copyright ownership.  The ASF licenses this file
+to you under the Apache License, Version 2.0 (the
+"License"); you may not use this file except in compliance
+with the License.  You may obtain a copy of the License at
+
+    http://www.apache.org/licenses/LICENSE-2.0
+
+Unless required by applicable law or agreed to in writing,
+software distributed under the License is distributed on an
+"AS IS" BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY
+KIND, either express or implied.  See the License for the
+specific language governing permissions and limitations
+under the License.
+-->
+<project xmlns="http://maven.apache.org/POM/4.0.0"
+         xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
+         xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/xsd/maven-4.0.0.xsd">
+  <modelVersion>4.0.0</modelVersion>
+
+  <parent>
+    <groupId>org.apache.maven.its.bom-property</groupId>
+    <artifactId>parent</artifactId>
+    <version>1.0.0-SNAPSHOT</version>
+  </parent>
+
+  <artifactId>bom</artifactId>
+  <packaging>bom</packaging>
+
+  <name>BOM with parent-defined property versions</name>
+
+  <!--
+    Reproduces the issue reported by Karl Heinz Marbaise during the
+    Maven 4.0.0-rc-6 vote: property-referenced versions in
+    dependencyManagement are NOT resolved in the consumer POM,
+    even though the consumer POM strips the parent and properties
+    that would be needed to resolve them.
+
+    junit.version is defined in the parent POM, not here.
+  -->
+
+  <dependencyManagement>
+    <dependencies>
+      <!-- Internal module: version omitted, inferred from reactor -->
+      <dependency>
+        <groupId>org.apache.maven.its.bom-property</groupId>
+        <artifactId>mod-1</artifactId>
+      </dependency>
+      <!-- External dependency: version from parent property -->
+      <dependency>
+        <groupId>junit</groupId>
+        <artifactId>junit</artifactId>
+        <version>${junit.version}</version>
+      </dependency>
+    </dependencies>
+  </dependencyManagement>
+</project>
diff --git a/its/core-it-suite/src/test/resources/bom-consumer-pom-property-resolution/mod-1/pom.xml b/its/core-it-suite/src/test/resources/bom-consumer-pom-property-resolution/mod-1/pom.xml
new file mode 100644
index 000000000000..a2de3e622ae6
--- /dev/null
+++ b/its/core-it-suite/src/test/resources/bom-consumer-pom-property-resolution/mod-1/pom.xml
@@ -0,0 +1,35 @@
+<?xml version="1.0" encoding="UTF-8"?>
+<!--
+Licensed to the Apache Software Foundation (ASF) under one
+or more contributor license agreements.  See the NOTICE file
+distributed with this work for additional information
+regarding copyright ownership.  The ASF licenses this file
+to you under the Apache License, Version 2.0 (the
+"License"); you may not use this file except in compliance
+with the License.  You may obtain a copy of the License at
+
+    http://www.apache.org/licenses/LICENSE-2.0
+
+Unless required by applicable law or agreed to in writing,
+software distributed under the License is distributed on an
+"AS IS" BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY
+KIND, either express or implied.  See the License for the
+specific language governing permissions and limitations
+under the License.
+-->
+<project xmlns="http://maven.apache.org/POM/4.0.0"
+         xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
+         xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/xsd/maven-4.0.0.xsd">
+  <modelVersion>4.0.0</modelVersion>
+
+  <parent>
+    <groupId>org.apache.maven.its.bom-property</groupId>
+    <artifactId>parent</artifactId>
+    <version>1.0.0-SNAPSHOT</version>
+  </parent>
+
+  <artifactId>mod-1</artifactId>
+  <packaging>jar</packaging>
+
+  <name>Module 1</name>
+</project>
diff --git a/its/core-it-suite/src/test/resources/bom-consumer-pom-property-resolution/pom.xml b/its/core-it-suite/src/test/resources/bom-consumer-pom-property-resolution/pom.xml
new file mode 100644
index 000000000000..b2f2df320223
--- /dev/null
+++ b/its/core-it-suite/src/test/resources/bom-consumer-pom-property-resolution/pom.xml
@@ -0,0 +1,41 @@
+<?xml version="1.0" encoding="UTF-8"?>
+<!--
+Licensed to the Apache Software Foundation (ASF) under one
+or more contributor license agreements.  See the NOTICE file
+distributed with this work for additional information
+regarding copyright ownership.  The ASF licenses this file
+to you under the Apache License, Version 2.0 (the
+"License"); you may not use this file except in compliance
+with the License.  You may obtain a copy of the License at
+
+    http://www.apache.org/licenses/LICENSE-2.0
+
+Unless required by applicable law or agreed to in writing,
+software distributed under the License is distributed on an
+"AS IS" BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY
+KIND, either express or implied.  See the License for the
+specific language governing permissions and limitations
+under the License.
+-->
+<project xmlns="http://maven.apache.org/POM/4.0.0"
+         xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
+         xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/xsd/maven-4.0.0.xsd">
+  <modelVersion>4.0.0</modelVersion>
+
+  <groupId>org.apache.maven.its.bom-property</groupId>
+  <artifactId>parent</artifactId>
+  <version>1.0.0-SNAPSHOT</version>
+  <packaging>pom</packaging>
+
+  <name>BOM Consumer POM Property Resolution Test</name>
+
+  <!-- Property defined in parent, used by BOM child -->
+  <properties>
+    <junit.version>4.13.2</junit.version>
+  </properties>
+
+  <modules>
+    <module>mod-1</module>
+    <module>bom</module>
+  </modules>
+</project>